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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (11039)	8/18/2003 1:15:18 AM
From: Cary Salsberg	Read Replies (1) \| Respond to of 95663

Hi Brian, I started following Silicon Valley stocks very closely in 1990. I was aware of ALTR, XLNX, LLTC, MXIM since then. I have followed my father's investemnts since 1955 and mine since 1970 and I concluded that quality is the best investment. I read Fisher's "Super Stocks" in the late 80s and came away with the idea that the way to go with technology stocks is to buy quality cheap. The SCE group provided the opportunity to buy quality cheap because of the cyclicality and I concentrated on them when they fell in 1996 and I started my "Blood" thread. In 1998, I added ALTR, XLNX, LLTC, and MXIM because I had become increasingly convinced of their quality and their prices fell to levels I could buy. In 2001, I reduced my SCE investments from 8 to 4 because I wanted to limit my SCE investments to what I perceived as the highest quality and I was even more favorably inclined toward ALTR, XLNX, LLTC, MXIM. I am aware that current CMOS fabrication is moving toward physical limits. That made it easier to lower the SCE concentration. I will be looking very carefully at the SCE companies after this cycle. I suspect this cycle will move from 130 and 90 nanometers to 65 and 45 nanometers. I don't recall the next numbers, but I think I read something in the 30s and 22.